Economist Pedro Palma said Venezuela's inflation rate could be between 180% and 200%. He warned that people will cut spending ...

As Venezuela’s economic crisis deepens under the weight of inflation and prolonged international sanctions, the government has escalated its efforts to reassert control over the currency market.

Erick Ojeda has no money. He returned to land almost empty-handed from an overnight trip fishing for shrimp. His sister and her newborn are waiting for him to pick them up from a hospital. He has had ...

This differential has narrowed in the last year as there is a tighter market for heavy crudes, which Venezuela produces. First, the handful of American and European companies with licenses from ...

The new rate is still dwarfed by the black market rate for greenbacks, currently at 228,000 bolivars per dollar according to website DolarToday Venezuela’s central bank announced a devaluation ...

Central Crime Branch (CCB) of Bengaluru Police has uncovered a black-market ticket racket operating ... Bengaluru Police Commissioner ordered a crackdown on black marketing around Chinnaswamy ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Venezuela’s authoritarian socialist government is cracking down on the use of black market dollars as it ...

Meanwhile, the federal government has announced it will spend millions of dollars in a crack down on the black market. The measure, announced in the budget, aims to rectify a massive drop in ...

Trump has pledged to carry out the largest deportation campaign in US history and curb immigration, mainly from Latin American nations. More than seven million Venezuelans have fled Venezuela over the ...

This month, the official rate reached 70 bolivars to $1, but the black market hit 100 bolivars to $1 ... abandoned that idea partly because of Trump’s crackdown on illegal immigration. Trump says ...